Victorian energy price regulation, 2023-24
Good Shepherd welcomes the opportunity to comment on Victorian electricity price regulation (the 2023-24 Victorian Default Offer tariffs) during this difficult period of high inflation for women and families on low incomes, and windfall energy sector profits.
We are deeply concerned about the proposed VDO increase of 31%, which would have severe consequences for people already at their financial limits.
In this submission we ask the ESC to reconsider how it has calculated benchmark wholesale energy costs for the 2023-24 period; to avoid socially harmful energy prices; and to monitor the VDO once implemented, and take necessary corrective actions.
Download the Victorian energy price regulation, 2023-24
May 22 2023